Fixed Rate Note Borrowing

RNS Number : 5210R

Henderson High Income Trust PLC

29 June 2015

 



HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON HIGH INCOME TRUST PLC

29 June 2015

HENDERSON HIGH INCOME TRUST PLC

FIXED RATE NOTE BORROWING

Henderson High Income Trust plc (the "Company") has agreed to issue a £20m fixed rate 19 year unsecured private placement note at a final sterling coupon rate of 3.67%. The purpose of this transaction is to obtain fixed rate long dated Sterling denominated financing at a pricing level that the Company considers attractive. The resultant blend of long and short-term borrowings with fixed and floating rates will provide flexibility. There has been no change in the Company's policy on gearing, as set out on page 4 of the Annual Report for the year ended 31 December 2014.

The funding date is 8 July 2015 with interest payable semi-annually in arrears.   The principal repayment date will be 8 July 2034.  The proceeds will be used to repay short-term credit facilities and for general corporate purposes.   

J.P. Morgan Cazenove acted as sole placement agent.

For further information please contact:

Alex Crooke

Co-Fund Manager, Henderson High Income Trust plc

Telephone: [phone]

David Smith

Co-Fund Manager, Henderson High Income Trust plc

Telephone: [phone]

James de Sausmarez

Director and Head of Investment Trusts, Henderson Global Investors

Telephone: [phone]

William Simmonds

J.P. Morgan Cazenove

Telephone: [phone]

 

END

 

 

MSCFKLFLEQFEBBL